IIFL Capital Services Ltd
NSE: IIFLCAPS BSE: 542773Banking
Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional customers across India. [1]
₹346
52W: ₹240 — ₹411
PE 20.2 · Book ₹88.2 · +292% vs bookMarket Cap₹10,771 Cr
Stock P/E20.2Price to Earnings
ROCE23.8%Return on Capital
ROE21.4%Return on Equity
Div. Yield0.87%Face Value ₹2
Strengths
- +Company has delivered good profit growth of 25.2% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Shareholding Pattern
Promoters30.87%
FIIs16.33%
DIIs5.56%
Public47.24%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 30.88% | 30.79%▼0.1 | 30.72%▼0.1 | 30.7%▼0.0 | 31.02%▲0.3 | 30.98%▼0.0 | 30.93%▼0.1 | 30.87%▼0.1 |
| FIIs | 17.51% | 19%▲1.5 | 19.12%▲0.1 | 18.98%▼0.1 | 17.24%▼1.7 | 16.93%▼0.3 | 16.51%▼0.4 | 16.33%▼0.2 |
| DIIs | 3.18% | 3.7%▲0.5 | 3.99%▲0.3 | 4.31%▲0.3 | 4.92%▲0.6 | 5.04%▲0.1 | 5.39%▲0.3 | 5.56%▲0.2 |
| Public | 48.43% | 46.52%▼1.9 | 46.18%▼0.3 | 46.02%▼0.2 | 46.84%▲0.8 | 47.07%▲0.2 | 47.17%▲0.1 | 47.24%▲0.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 481 | 593 | 571 | 574 | 517 | 388 | 523 | 509 | 501 | 548 |
| Expenses | 255 | 271 | 278 | 311 | 281 | 283 | 329 | 290 | 323 | 336 |
| Operating Profit | 226 | 323 | 293 | 263 | 236 | 104 | 194 | 219 | 178 | 211 |
| OPM % | 47% | 54% | 51% | 46% | 46% | 27% | 37% | 43% | 36% | 39% |
| Net Profit | 148 | 176 | 186 | 181 | 170 | 66 | 159 | 91 | 116 | 165 |
| EPS ₹ | 4.81 | 5.73 | 6.03 | 5.87 | 5.47 | 2.13 | 5.12 | 2.94 | 3.72 | 5.31 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹2,081Cr, down 3.5% YoY. OPM at 39%.
Debt Position
Borrowings at ₹1,690Cr. Debt-to-equity ratio: 0.63x. Moderate leverage.
Institutional Flow
DIIs: 5.56% (+2.32pp change). FIIs: 16.33% (+0.00pp change). Promoters hold 30.87%.
Margin & Efficiency
ROCE improving from 0% (Mar 2003) to 24% (Mar 2026). Working capital days: -426.
Valuation
PE 20.2x with 23.8% ROCE. Price is 292% above book value of ₹88.2. Dividend yield: 0.87%.
Recent Announcements
- Draft Letter of Offer 5m - ICICI Securities Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders …
- Detailed Public Statement 13 May - FIH Mauritius launches mandatory open offer for 26% of IIFL Capital Services at ₹350/share; preferential issue ₹1,999.99 crore.
- Announcement under Regulation 30 (LODR)-Updates on Acquisition 12 May - MCA approved incorporation of IIFL Capital (IFSC) Limited, a wholly owned subsidiary, on May 11, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 11 May - Transcript of Earnings conference call held on Tuesday, May 05, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 May - Copies of the newspaper advertisements published on May 10, 2026 regarding dispatch of the Notice of the Extraordinary General Meeting of the Company.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse